Home Improvement without the Financial Headache from Enniscorthy Credit Union

THE weather is definitely getting a lot colder! If you’re dreading the cold evenings, and your home needs some insulation, we’re here to help!

Last year a survey by the Irish League of Credit Unions (ILCU) also found that a significant two thirds of adults had carried out home improvements since 2014. One quarter estimated that they spend between €1,000 and €3,000 when upgrading their home. 42% said they would choose to transform their home with new carpets and flooring. 38% said they would opt for new heating or insulation and 23% said they would fit new windows or doors.

While these upgrades work wonders for your home, they can be costly endeavours. The good news is that those surveyed by the ILCU had the right idea when it came to funding their home improvements. Of those who said they would need to borrow, six in ten said they would use their local credit union.

The Home Renovation Incentive (HRI) is due to end this December 2018, so if you have a project in mind to improve the energy efficiency of your home through renovation, now is the time to act to avail of this Tax Incentive Scheme. The popularity of the scheme has prompted the Construction Industry Federation to call for its extension but there has yet been no announcement. The Sustainable Energy Association of Ireland (SEAI) provide grants towards cavity, internal and external wall insulation as well as attic insulation grants. But if you are not eligible or if the grant will only cover part of the work, then talk to us about a flexible loan.

Last year, Enniscorthy Credit Union launched their Large Home Improvement Loan, which is aimed at members who are doing a big project on their home e.g. building a garage, putting on an extension, a conservatory, availing of a tenant purchase offer or doing major home renovations costing between €20,000 and €50,000.

There are no administration fees or hidden charges and we can structure repayments in a way that suits every individual’s circumstances. Borrowers are also free to repay the loan early, should they wish, without any penalties. So we would encourage anyone planning on doing some home renovations to contact us and enquire about a ‘Credit ReUnion’ with Enniscorthy Credit Union. We’ll be happy to help make your home improvement dreams a reality.”